For real corporate apologies, go to Japan
KAREN BLEIER/AFP/Getty Images Think Richard Fuld didn’t humiliate himself enough yesterday? Appearing before Rep. Henry Waxman’s House Committee on Oversight and Government Reform Monday, the Lehman Brothers CEO said he felt “horrible” about his company’s collapse, adding, “I wake up every single night wondering what I could have done differently.” “Your company is now bankrupt ...
KAREN BLEIER/AFP/Getty Images
Think Richard Fuld didn’t humiliate himself enough yesterday?
Appearing before Rep. Henry Waxman’s House Committee on Oversight and Government Reform Monday, the Lehman Brothers CEO said he felt “horrible” about his company’s collapse, adding, “I wake up every single night wondering what I could have done differently.”
“Your company is now bankrupt and our country is in a state of crisis,” Waxman asked. “You get to keep $480 million. I have a very basic question: Is that fair?”
Ouch. Pretty embarrassing, right?
Well, this is how they do corporate apologies in Japan:
That’s via James at Japan Probe, who explains that the man in the video is president of a study abroad company that went bankrupt.
UPDATE: I’m not sure if this kind of stuff happens in Japan, however.
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